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Average Occupancy
Indicates the percentage of leased space in the company's portfolio, revealing demand for its properties and potential for rental income growth.Occupancy has eased from its post‑pandemic peak into a modest downtrend over the past year—largely mix‑ and region‑driven—yet Q1 came in above expectations and management raised full‑year occupancy guidance. Strong, record leasing and big capital formation (including accelerated data‑center starts) underpin stabilization and FFO upside, but localized Western U.S. softness, higher concessions and data‑center execution risks could keep upward pressure on turnover costs and limit near‑term upside. Watch concession trends and regional vacancy for signals the recovery is broad‑based versus concentrated.
Date | Average Occupancy |
|---|---|
Jun 30, 2026 | 95.50 |
Mar 31, 2026 | 95.30 |
Dec 31, 2025 | 95.30 |
Sep 30, 2025 | 95.20 |
Jun 30, 2025 | 95.40 |
Mar 31, 2025 | 95.50 |
Dec 31, 2024 | 96.30 |
Sep 30, 2024 | 96.50 |
Jun 30, 2024 | 96.60 |
Mar 31, 2024 | 97.00 |